Can You Have Too Many Credit Cards?

Posted: March 14, 2019 by Rachel Shepard

With some things, it’s easy to tell when you have enough. Once your stomach is full, for example, you know you’ve probably hit the acceptable limit on pizza slices. With other things, however, it’s harder to tell if you have enough — or too many.


For many people, credit cards can fall into that latter category; with literally hundreds of credit cards out there, it can be hard to tell when you’ve hit the cap on how many cards you should have in your wallet. And it can get even harder to know your limit when you keep receiving offers in the mail promising big signup bonuses, low rates, or other tempting perks.


Technically, There Is No Credit Card Cap


Part of what makes it hard to know when you have too many credit cards is that it’s really a personal decision. Technically, there is no legal limit on how many credit card accounts you can have open at once. If you meet the qualifications for a given credit card and can get approved for it, you can have it — regardless of how many other credit cards you’ve already opened.


Each New Card Can Impact Your Credit


Of course, there is a lot of room between “can” and “should,” especially when it comes to your finances. Just because you can open an unlimited number of credit cards doesn’t mean that you should open a new card.


For one thing, opening new credit card accounts can have significant impacts on your credit profile. Each new credit card application you submit — whether you’re approved or not — will result in a hard credit inquiry on your credit, which can ding your credit score through the “new accounts” factor, which is worth up to 10% of your score.


Plus, new credit card accounts will be factored into your average account age, which can be worth up to 15% of your credit score. Each new account will reduce your average account age and potentially decrease your scores.


On the other hand, new credit cards can help improve your utilization rate by increasing your overall available credit — assuming you don’t run up a balance on your new card. Overall, the impact to your credit scores from opening a new card will depend mostly on your credit profile; the older and more diverse your credit is, the less impact you’ll likely see — in either direction — from opening a new card.


Some Issuers Have Card Limits


Although the law doesn’t cap the number of credit cards you have, some credit card issuers will places limits on how many cards you can have from their banks. For example, American Express reportedly limits cardholders to five American Express credit cards at any given time; applications for additional cards are likely to be denied.


Other issuers will set limits on how often you can open new cards. Chase, in particular, is notorious for its 5/24 Rule that means you can’t open a new Chase credit card if you have opened five or more credit card accounts in the past 24 months.


Furthermore, some card issuers will put a cap on how much credit you can be extended. If you already have several cards from a given issuer, for instance, you may not be able to open another card because you’ve reached the limit on how much credit the issuer is willing to offer you.


Only Open Credit Lines You Can Handle Responsibly


At the end of the day, the primary barometer for whether you have too many credit cards will come down to how many credit cards you can handle responsibly at one time. If you have so many credit cards that you can’t keep track of due dates and wind up carrying a balance or making late payments, then you have too many cards.


In general, having at least one credit card account open and in good standing is recommended for good credit. When used responsibly, credit cards can help build a positive payment history, improve your credit mix, and show that you can properly handle a revolving credit line.


That being said, for some folks, the right number of credit cards may actually be zero. If you’re unable to resist the temptation to overspend when you use plastic, then you may be better off avoiding credit cards entirely.


At the other end of the extreme, some cardholders have literally hundreds of credit cards — and they manage to have good credit scores, too. If you can keep track of all your credit card fees, balances, due dates, and other particulars, then the proverbial sky is the limit on how many credit cards is too many.


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How Long Do Late Payments Stay on Your Credit Report?

Posted: December 10, 2018 by Rachel Shepard

Modern technology has made many facets of life easier and more convenient. We have refrigerators that make grocery lists, robots that automatically vacuum the floors, and thermostats that adjust themselves. Despite all these tools, however, it can often seem as though our lives are busier than ever, and free time can feel like a limited luxury.


Indeed, many of us are left trying to fit everyday life in between the hustle of hurrying from one obligation to the next. In all the chaos, it’s little surprise that some things tend to fall between the cracks as they get bumped further and further down the to-do list.


Unfortunately, while some things can be safely postponed for a better day, other things have set-in-stone due dates that shouldn’t be overlooked — things like credit card bills. Not only do late credit card payments usually mean costly late fees, but delinquent debt payments can have far-reaching effects on your credit profile that last for years.


Not All Late Payments Make it to Your Credit Reports


On the bright side, simply missing your due date by a day or two isn’t the end of the world (at least, not as far as your credit is concerned). That’s because not every late payment automatically makes it all the way to your credit reports; no, you have to be really late for a payment to be reported as delinquent to the credit bureaus.


In actuality, your debt payment needs to be at least 30 days past the due date before a creditor can report the account as delinquent to the credit bureaus. So, technically, you have to actually miss a payment entirely for it to hit your credit reports as delinquent.


That’s not to say you can make late payments with impunity as long as you pay within 30 days of your due date. Your creditor will still probably charge you a late fee for a payment that’s made even one day late, however, and you may lose out on any promotional financing you’re enjoying.


You can also wind up paying interest you wouldn’t otherwise need to pay. Basically, most credit cards won’t charge you interest on purchases if you pay your full balance by your due date. If your payment is late, however, the grace period no longer applies, meaning you’ll be charged interest on your balance even if you pay in full.


The Later the Payment, the More Damage It Does


Once you are more than 30 days late, your account will be reported as delinquent to the credit bureaus. This will cause an immediate decrease in your credit scores, likely by several dozen points, and the higher your credit score started, the more it will decrease due to a delinquent payment.


That’s not the end of the story, however. If you don’t make an immediate payment to bring your account current, the damage will intensify as the account becomes increasingly delinquent. By day 60, not only will the damage to your credit increase but so, too, may your interest rate — permanently.


Many credit cards have what’s known as a penalty rate, which is a higher purchase APR that goes into effect when you miss two or more payments. While some cards allow you to go back to the normal purchase APR after six to 12 months of on-time payments, others will leave the penalty APR in effect for the life of your account.


At this point, each additional 30 days your payment is delinquent, the worse the credit damage becomes. By the time you are 180 days late (150 days for some types of accounts), the creditor can charge off your account and consider you to be in default. Other than bankruptcy, a defaulted account is about the worst possible thing your credit can experience.


Late Payments Can Stick Around for Up to 7 Years


As you can see, the amount of damage caused by a late payment will depend entirely on exactly how late that payment becomes. If you get your account back in good standing within 30 days, the worst thing you’ll likely experience is a late payment or perhaps the end of your promotional financing.


After the 30-day mark, it all goes downhill. The credit bureaus are now likely involved, which means credit score damage that can last years. Up to seven years from the date of delinquency, in fact, as that’s how long most negative items can stay on your credit reports. That means seven years of other creditors seeing your delinquency every time they pull your credit in response to an application.


That being said, the damage to your credit score may not last the full seven years. Credit scoring models are designed to give more weight to your recent credit history, which means a late payment will lose potency as it ages. Provided you get your account in order quickly and maintain a positive payment history, a single delinquent payment will likely lose most of its credit score impact after just a few years.


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How Your Credit Score Impacts Your Loan Terms

Posted: November 14, 2018 by Rachel Shepard

Some people are fortunate enough to have the means to pay for everything they need in cash, without worrying about things like loans and repayment terms. For the rest of us, however, loans are an important part of financing major purchases and getting through expensive emergencies.


So, unless you’re one of the few who can get by without loans, your credit score is going to be a key part of your financial future. Unfortunately, it’s all too easy for a few credit mistakes to result in a low credit score, which can impact the quality of the loan terms you are offered — and determine whether you’re offered a loan at all.


A Low Score Means a Lower Chance of Approval


One of the earliest lessons most people learn when they have bad credit is that few lenders are willing to take the risk of lending to someone with a poor credit history. As a result, the first hurdle to getting a loan with decent terms for those with a low credit score is simply getting approved for a loan in the first place.


And this hurdle can be made even higher when you are in need of a large loan. While your income will have an impact on the size of the loan you can get, your credit score will also be a big factor. The lower your credit score, the less likely lenders are to offer you a loan of any significant size.


Most consumers have a few options for finding a loan with bad credit, including subprime lenders who specialize in financing consumers with poor credit. Lenders like these tend to have very flexible credit requirements that mean you won’t be rejected out of hand simply due to having a low credit score.


Another potential option for finding a lender when you have bad credit is your local credit union. While you’ll need to become a member of the credit union to take advantage of its services, it can be a great alternative to big banks with stricter lending requirements.


Your Loan’s APR Will Be Based on Your Credit Risk


Even if your low credit score doesn’t stop you from getting approved, it will directly impact other aspects of your loan offer, starting with your interest rate.


In essence, your APR will be based on your credit risk, which lenders determine by checking your credit reports and scores. If you have great credit, you are a low risk to the lender. In other words, the lender knows you have a good chance of paying back your entire loan because you have a proven history of paying back your debts.


If you have a low credit score, on the other hand, you represent a high credit risk. That’s because something in your credit history indicates you may be less likely to repay your loan. The typical big bank has a low risk tolerance, which is why the major banks tend to have fairly strict credit requirements; they don’t want to risk you defaulting on the loan.


Subprime lenders are generally banks with a higher risk tolerance; these lenders are willing to risk that you default on your loan because they can potentially reap big benefits through the higher interest rates they charge. Basically, every subprime borrower pays higher interest rates to make up for the large portion of other subprime borrowers who will default on their loans.


Bad-Credit Applicants May Be Charged Higher Fees & Deposits


A higher interest rate isn’t the only way loans get more expensive when you have a low credit score. Many subprime lenders will also likely charge higher loan fees, such as the origination fee, than regular big-bank prime lenders tend to charge. As with interest fees, these higher loan fees help make up for the higher risk presented by bad-credit applicants.


Additionally, the amount of money it takes to secure a loan will also typically be higher for borrowers with low credit scores. Traditionally secured loans, like auto loans, will often require a larger down payment or more valuable trade-in vehicle to help offset the increased risk to the lender.


If your credit is particularly poor, you may even be asked to provide a down payment or another form of collateral for a loan that is usually unsecured. Some personal loan lenders, for instance, may require that you use your vehicle or property as collateral to secure the loan before you can be approved.


A Qualified Cosigner Can Help Offset the Impacts of a Low Score


While having a low credit score can definitely make your loan more expensive, there is a way to potentially reduce the interest rates and fees you are charged for a loan: a cosigner.


Typically a friend or family member, a cosigner is someone with good credit who agrees to share financial responsibility for the loan. Basically, a cosigner agrees to repay the debt if the primary borrower can’t (or won’t) do so. This reduces the risk for the lender, and it may result in receiving better terms like a lower interest rate or reduced deposit requirement.

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Can Credit Cards Save You Money?

Posted: November 6, 2018 by Rachel Shepard

Although it can be easy to forget as we’re swiping away, credit cards are a form of debt; the balance you build on your credit card is debt you owe to the issuing bank.


Given that they are debt and, by nature, debt is a negative, it may seem counterintuitive to consider that credit cards may actually help you save money — but they can. Everything from earning rewards to easy access to reusable financing can help you save money simply by using the right credit card.


Of course, it takes smart credit card use and responsible financial behaviors to make the most of your credit cards’ money-saving potential. No matter how strategic your plan, irresponsible use of credit cards will likely cost you more than you can save.


Purchase Rewards Can Be Very Valuable


The most obvious way your credit cards can save you money is through purchase rewards. The majority of prime credit cards — and even several subprime cards — now offer rewards programs that provide cash back, points, or miles on all of your net new purchases.


Most rewards credit cards have a flat unlimited rewards rate (1% to 2% is standard) that applies to every purchase. However, many rewards cards these days also have set bonus categories that provide higher rewards rates for category purchases. For example, a travel rewards credit card might offer triple points for travel-related purchases like airfare or hotel stays.


The best way to maximize your credit card rewards is to choose a credit card that offers bonus rewards for the purchases you make most often. If most of your budget goes toward groceries, for instance, choose a card with a high bonus rewards rate for grocery store purchases.


Although most credit card rewards are paid for by the interchange fees that issuers charge merchants for each transaction, many high-rate rewards cards will also charge high annual fees. Subprime rewards cards can also charge a variety of fees, so pick a credit card with no or low fees, like the ones on this list.


You’ll also want to be sure to pay off your purchases well before you start accruing interest fees to ensure your earnings stay in your pocket, rather than going right back to the bank. Even the most lucrative rewards credit card won’t provide enough in rewards to make paying big interest fees a good idea.


Issuer Portals Can Unlock Exclusive Discounts


In addition to purchase rewards, your credit card may also give you access to the credit card issuer’s online shopping portal. Offered by most major banks, issuer shopping and discount portals can contain exclusive coupons and discounts for tons of popular brands, as well as special offers for extra bonus rewards on partner purchases.


How the shopping portal works will vary by issuer. Some portals provide coupon codes to be entered at the time of sale, some portals use trackable cookies to automatically credit your account, while other portals will simply attach the discount to your card account for online or in-store use.


Save On Interest Fees with Credit Card Grace Periods


While many occasions call for a long-term installment loan that you can repay over months or years, sometimes you simply need a small loan to get you through the next two weeks. Rather than turn to expensive payday or cash advance loans, you may be able to use your credit card as a means of short-term financing.


Given that many payday loans can have APRs in the three digits, using a credit card — even a subprime card with a 30%-plus APR — is already a better deal. But, that deal gets exponentially better when you only need a few weeks to repay your balance. That’s because most credit cards offer a grace period on new purchases to pay off your balance before you start accruing interest fees.


Although some cards don’t offer a grace period (most commonly the case with subprime credit cards), cards that do offer one will provide a grace period of at least 21 days, though the full period is generally from the time the transaction posts until the day the bill for that billing cycle is due.


One important thing to remember is that the grace period for interest only applies to new purchases. Other transaction types, such as a balance transfer or cash advances, won’t qualify for the grace period. The interest fees for ineligible transactions will start to accrue as soon as the transaction posts to your account.

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The Fastest Ways to Boost Your Credit Score

Posted: September 4, 2018 by Rachel Shepard

So many aspects of our culture rely on having a good credit score — buying that new car that will turn heads on the highway, finally moving out of that small apartment and purchasing your first home, or even opening a decent checking or savings account.


Unfortunately, it can be easy to lose our footing on the path of good credit. A 700+ score can drop below 600 in what seems like the blink of an eye due to any number of circumstances. You missed some payments during a few lean months. You were out of work for a period and relied on your credit cards until you got back on firm financial ground. An emergency arose, and you had to charge a few thousand dollars on a credit card that you had not budgeted for.


These are just a few common and easy ways our credit scores can take a dive.


While many have searched for some secret, sage advice on how to magically raise scores to the coveted “excellent” classification, the truth is there is no book of credit-boosting spells hidden away somewhere.


Boosting your score takes some effort — but fortunately, there are a few things you can do that can help you see some upward movement in your scores in a short amount of time.


Improve Your Credit Utilization Ratio


Whether you have a credit limit of $2,000 or $20,000, if you max out your available credit, it’s seen as a sign of financial trouble and your credit score will take a hit.


One of the quickest ways to potentially see an improvement in your credit score is to reduce your debt-to-credit ratio. While this could mean paying down your highest balances, this isn’t always the case, as your utilization depends on your available credit as much as on your current debt.


With that in mind, a little bit of strategy can go a long way.


Pay down the credit cards that have the highest usage rates first. If you have debt spread across several cards, prioritize paying down the one that is closest to being maxed out. The new, lower balance will often be reported to the bureaus at the close of your next statement, so your score could see a boost within 30 days or so.


Additionally, if you put a lot of your monthly expenses on credit cards to earn rewards, even if you pay off the balance each month, the credit reporting agencies might only see that you frequently have a high balance on your cards. To help with this issue, it’s a good idea to go ahead and pay down your credit card balances a couple of times a month.


Increase Your Available Credit


Now, if making large payments to bring down a hefty credit card balance isn’t a realistic option for you at this time, you can seek to improve your debt-to-credit ratio in a couple of different ways.


First, you can request an increased credit limit from one of your current credit card companies. If the company agrees to raise your limit, you’ve just improved your debt-to-credit ratio and you may see some movement in your credit score. Just be sure not to actually use your newly acquired credit because it would defeat the purpose of raising it to begin with.


Additionally, you can apply for new credit cards through other issuers. Again, if you are approved for a new card, you will not want to use your new credit — this is simply a means to helping get your credit score back in good standing. Save your new line of credit for when you’re back on your feet.


Check Your Credit Report for Errors


Mistakes happen — even among credit reporting agencies and credit card companies. Unfortunately, an error on your credit report can cause some serious damage to your score. Perhaps a system error from the credit card company reported a late payment when you in fact paid on time. Or you requested a forbearance on your student loans, but someone failed to communicate this to the credit agencies, and it looks like you’ve fallen behind on payments.


It is important to check your credit reports at least once a year to look for — and correct — these kinds of mistakes. If you see anything amiss on your report, you can file a dispute with the credit reporting agency to have the error corrected. If the error was negatively affecting your score, you should see an improvement in your credit score once the mistake is removed from your report.


It Takes Work


While the methods listed here aren’t as quick or easy as one might hope, these are a few solid ideas to get started on improving your credit score. Credit scores will never improve immediately — credit card companies generally report to the credit reporting agencies once a month, so even if these methods give your score a boost, don’t expect to see anything in under 30 days.

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Ways to Minimize Summer Vacation Debt

Posted: June 15, 2018 by Rachel Shepard

For most families, summer is the ideal time for a vacation; schools are out, the weather is warm, and most venues are open for business. But when we spend the whole year eagerly waiting for summer vacation to come ‘round, it can be all too easy to get swept up in making the most of it — leaving our budgets behind.


But you don’t have to break the bank to have an awesome summer vacation, and there are a number of simple ways to minimize (or even eliminate) summer vacation debt.


Save Money — & Credit Card Rewards — All Year Long


The easiest way to ensure you aren’t dealing with summer vacation debt long after your suntan has faded is to start saving for your trip as early as possible. After all, if you have the money to pay for your trip outright, you won’t need to take on any debt to do so.


For some people, this may mean making a little room in the budget for monthly contributions to a separate vacation fund. You can also set aside extra money, such as bonuses and tax refunds, to go toward your vacation instead of making splurge purchases like upgrading your entertainment system.


Another simple way to save for summer throughout the rest of the year is to use a rewards credit card. For example, there are a ton of options for travel rewards credit cards that earn points or miles on everyday purchases, with many offering bonus rewards for purchases in popular categories like fuel and dining.


By the time summer rolls around, you could have enough rewards saved up from your everyday purchases to pay for flights, hotels, and a whole host of other vacation-related travel expenses. And save up your cash back rewards year-round to build a stockpile of statement credit that can cover everything else, from meals to souvenirs.


Be Flexible About the When & Where


One method for keeping your summer vacation costs at an affordable level is to be flexible about your travel plans, including both where and when you’re willing to travel. Taking a summer vacation to a destination that’s more sought-after during the winter, for instance, can score you fantastic off-peak deals and ensure you’re not fighting crowds your whole trip.


You may even want to consider some off-the-beaten-path destinations instead of planning a trip to one of the more popular tourist hotspots. For example, there are plenty of smaller beachside towns that offer the same white sand and blue water as their big-time competition, but they often do it at a fraction of the cost.


And you’ll also want to avoid planning a trip during the more popular travel times, such as Memorial Day weekend or the week around the Fourth of July. Airlines and hotels know they’ll have few vacancies during these peak travel times and tend to price their products accordingly.


Book Your Flights Early — Or Really Late


If you don’t have a lot of flexibility in your travel timetable, often your best bet for finding savings on your flights and hotels is to book early. Many hotels, for instance, will offer early-bird booking specials that can potentially save you hundreds over the course of a multi-day stay.


Don’t forget to keep an eye on your itineraries, however, as prices can fluctuate on a weekly basis, potentially offering the opportunity to snag an even lower rate down the line. Most airlines and hotels will allow you to make changes to your reservation up to seven days before your trip, but make sure you’re aware of any fees for changing your reservations.


At the other end of the spectrum, you can also typically score a deal if you have the flexibility — and constitution — to wait until the (nearly) last minute to book your travel. Airlines and hotels hate having empty seats and rooms, so they will frequently drop their prices on last-minute vacancies to ensure a full booking.


Obviously, this method is hardly without risk, as there’s certainly no guarantee you’ll find cheaper rates at the last minute — or any availabilities at all. If you’re going to try this method, you may want to have a backup vacation plan… just in case.


Skip the Travel for a Staycation


While traveling is all well and good, there’s no actual rule that says you must go somewhere to have an awesome summer vacation. Instead, you can enjoy the warm summer weather and time as a family at home having a fun, affordable staycation.


Of course, that doesn’t have to mean you’re stuck in the house all summer long. Most cities and towns offer a variety of free or inexpensive activities and events, particularly in the sociable summer months, giving an adventurous family plenty to keep them busy from May well into September.

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Some Credit Cards Don’t Fall Under the CARD Act of 2009Not Every Card Is Covered by Landmark Federal Law

Some Credit Cards Don’t Fall Under the CARD Act of 2009

Posted: October 22, 2013 by Rachel Shepard

In 2009, Congress passed the CARD Act (officially known as the Credit Card Accountability Responsibility and Disclosure Act of 2009) to protect consumers against excessive interest rates, fees and miscellaneous charges. The act prohibits credit card issuers from initiating fee traps, excessive interest rate hikes on existing balances that create consumer default or retroactive late fees. It also mandates that issuers provides a written account of all rates, fees and charges in plain, simple language that is visible to consumers, as well as guards against excessive marketing of credit cards to young people and students.

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Don’t Get Scammed by a Bad Credit LoanLearn How to Distinguish Financial Predators From Legit Lenders and Loan Companies

Don’t Get Scammed by a Bad Credit Loan

Posted: October 11, 2013 by Rachel Shepard

Like many people these days, you may be trying hard to do the right thing and pay your bills, but find that you are struggling and your debt load keeps growing. You know that one missed payment will bring your house of cards crashing down and you don’t want that. In conjunction with this, perhaps you have noticed various offers for bad credit loans out there and thought to yourself, this could be a way out.

Be careful, though. In these economic times, financial predators are lurking around every corner and they want your hard-earned cash. The trick is learning how to distinguish scam operators from legitimate bad credit loan companies and lenders.

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5 Things That Can Prevent You From Owning a HomeYour Dreams Can Be Dashed by These Obstacles

5 Things That Can Prevent You From Owning a Home

Posted: September 30, 2013 by Rachel Shepard

If you’re in the market to buy a home, you’ve probably already started looking around, and you may have even found the home that you believe is the one you’re meant to buy. But what if some unforeseen surprises spring up, surprises that stop your home purchase deal in its tracks? What can possibly go wrong when trying to purchase a home? The following are five things that can possibly keep you from realizing your dream of home ownership:

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Negotiating With Creditors: Do It EffectivelyFollow Some Simple Tips to Achieve Top Results

Negotiating With Creditors: Do It Effectively

Posted: September 17, 2013 by Rachel Shepard

Negotiating your debt on your own is possible, but there are some basic rules you should follow for best results and to minimize the chances of your getting disorganized or even confused and frustrated during the process. If you are ready to contact your creditors or any collection agencies currently holding accounts of yours, take a look at a few helpful tips first.

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Credit Card Scams and Gimmicks to AvoidBeware of Too-Good-to-Be-True Offers

Credit Card Scams and Gimmicks to Avoid

Posted: September 6, 2013 by Rachel Shepard

With credit card issuers loosening their requirements for cardholders once again, consumers now have a number of choices available to them. At the same time, these issuers are offering a variety of gimmicky cards to attract people to their products. The problem is that many of these offers end up being scams, since with them you end up paying much more than you had envisioned. Before signing up for one of these special offers, make sure that you are aware of what it will cost you.

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Secrets to Saving MoneyThere Are Many Easy, Effective Ways for You to Cut Costs

Secrets to Saving Money

Posted: August 26, 2013 by Rachel Shepard

If you are looking for ways to make your money go further, you are not alone. No matter how much money you make, it is always a good idea to do things as inexpensively as possible, as you never know what can happen in the future. Many successful people were completely caught off guard when the recent financial collapse occurred and want to avoid losing everything again. Thankfully, there are a number of easy and effective ways you can save money every month, and as long as you are committed to maintaining a budget, you can use these methods to build up a nice bit of security for yourself.

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Scam Alert: Scams of the Month for August 2013A Sampling of the Many Current Fraudulent Schemes to Watch Out for

Scam Alert: Scams of the Month for August 2013

Posted: August 23, 2013 by Rachel Shepard

Many consumers take care to avoid any information concerning scams because it makes them uneasy. This isn’t wise, though, because the more you know, the safer you’ll be when scammers try to pull one over on you. Find here some basic details on the latest scams for August 2013 — and there are many — and use this information to protect yourself.

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5 Easy Ways to Rebuild Your Credit After BankruptcyRestoring Your Financial Health Is Possible

5 Easy Ways to Rebuild Your Credit After Bankruptcy

Posted: August 13, 2013 by Rachel Shepard

After filing bankruptcy, one of your main concerns should be repairing your credit. For some consumers, a bankruptcy filing can lead to a sense of hopelessness that can be difficult to escape. Once you come up with a firm credit repair plan, however, you can confidently begin the road back towards financial health. And with this type of plan, you do not have to wait too long to begin applying for credit again provided you take the necessary steps.

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5 Ways to Protect Yourself From Online ScamsAvoid the Treacherous Traps Set by Internet Fraudsters

5 Ways to Protect Yourself From Online Scams

Posted: August 2, 2013 by Rachel Shepard

The Internet has brought the global marketplace right to our fingertips, making it easier than ever to purchase goods and services, do our personal banking, and donate money. Along with this technological convenience, however, also comes the dangers of getting scammed online. Providing unsecured websites with your personal information can put you at risk of being taken advantage of and having your money and even your identity stolen quickly and easily.

Before you provide your personal information online, you need to be very aware of the dangers of online scams and make sure that whatever site you are doing business with is reputable and can be verified. The following are five ways to protect yourself from online scams:

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Tips for Paying a Bad Credit Loan Off — on TimeOn-Schedule Repayment Is Critical for the Sake of Your Credit

Tips for Paying a Bad Credit Loan Off — on Time

Posted: July 22, 2013 by Rachel Shepard

In the current economic climate more and more people are being affected by growing debts. Many of these individuals are experiencing difficulty paying off these debts, and this unfortunately is making a bad situation worse, with penalties and fees only adding to the amount owed and consumers seeing their credit rating, which often is already somewhat low, take a hard hit.

For some people, a bad credit loan is among the debts they see piling up, and this is problematic. It is important to remember that the point of a bad credit loan ultimately is not only to provide you with much-needed money when you have poor credit and few other financial options, but also to help you improve your credit. Therefore, if you have taken out this type of loan, it is critical that you pay it off on time for your credit’s sake, as well to avoid any extra charges that may come with late payment. Thankfully, there are a few simple tips for paying a bad credit loan off in a timely fashion.

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Scam Alert: Jamaican Phone ScamBeware of Unexpected Calls From the Caribbean

Scam Alert: Jamaican Phone Scam

Posted: July 11, 2013 by Rachel Shepard

With so many scammers around the world, it can be difficult to keep track of them all in an effort to avoid becoming their victim. Luckily, organizations such as the Better Business Bureau (BBB) are hard at work to provide everyone up-to-date information on the latest scams out there. As evidence of this, recently the BBB reported that the notorious, long-running Jamaican Phone Scam has changed a bit. Consumers need to know what to look for with this particular fraudulent scheme so they won’t end up falling prey to it.

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5 Ways to Save on Your MortgageHold Onto More of Your Money Over the Long Term

5 Ways to Save on Your Mortgage

Posted: July 9, 2013 by Rachel Shepard

Buying real estate has always been one of the best ways to invest your money and build wealth and equity. However, along with home ownership frequently comes hefty mortgage payments that need to be made each and every month. A mortgage is often the biggest debt that a consumer will have in their lifetime. The good news is that there are ways to actually save money over the term of your mortgage. Here are five ways you can do just that:

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Identity Theft: How to Fix This, QuicklyYou Need to Act Fast If Your Personal Information Is Compromised

Identity Theft: How to Fix This, Quickly

Posted: June 28, 2013 by Rachel Shepard

Identity theft can be emotionally and financially devastating, and it can take quite a bit of time to sort through everything once you are a victim of this crime. To prevent as much damage from happening as you can, there are steps you need to take immediately if you feel that your identity has been compromised. If you follow these steps as soon as you learn about what has occurred, this will make it easier to correct the situation and deal with your bank.

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How Much Will a Bad Credit Score Cost You?With Poor Credit, You Could End Up Paying for Your Past Mistakes

How Much Will a Bad Credit Score Cost You?

Posted: June 17, 2013 by Rachel Shepard

If you have bad credit, you have probably already noticed how difficult it makes it to acquire a loan from your average lender. Many lenders do not want anything to do with you unless your credit score reaches a certain level, and even then, you could end up paying high loan interest rates. The truth of the matter is that having bad credit can cost you hundreds of thousands of dollars in additional interest payments over the course of your life, which makes the effort it takes to improve your credit rating well worth it.

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Credit Inquiries: The Difference Between Hard and Soft InquiriesNot All Credit Checks Are Created Equal

Credit Inquiries: The Difference Between Hard and Soft Inquiries

Posted: June 4, 2013 by Rachel Shepard

Many consumers understand that if multiple inquiries about their credit are made to the major credit reporting bureaus, that can have a negative impact on their credit rating. What many people are not aware of, however, is the fact that there are different types of credit inquiries. One type is not likely to produce an ill effect in terms of lowering an individual’s credit score, while frequent inquiries of a different type could trigger a temporary decline in the credit rating.

Because of the potential impact that a credit inquiry can have on you, before you apply for any type of credit account, it pays for you to know whether the account issuer will initiate a hard or a soft credit inquiry.

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When Is the Right Time to Get a Mortgage Loan?There Are Many Things to Consider Before You Borrow

When Is the Right Time to Get a Mortgage Loan?

Posted: April 30, 2013 by Rachel Shepard

Applying for a mortgage loan is an important decision in a person’s life and is not something that should be taken lightly. Before you apply for a mortgage, make sure that you can afford the monthly payments. While your lender will look at your financial situation to help them decide whether or not they believe that you can afford a mortgage, only you know about your spending habits and the stability of your current job. Unless you are in a stable financial situation, you should wait before applying for a mortgage loan to avoid possible complications.

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Scam Alert: Bogus Medical Alert SystemsCon Artists Target the Elderly

Scam Alert: Bogus Medical Alert Systems

Posted: April 22, 2013 by Rachel Shepard

They say that there is no honor among thieves, and a new scam making the rounds perfectly demonstrates this. It involves con artists utilizing deception, threats and intimidation tactics to persuade elderly individuals to purchase medical alert systems that they neither have requested nor want, all in an effort to bilk them out of untold amounts of money.

Recently, the Federal Trade Commission, with the help of a U.S district court, was able to shut down one specific criminal operation called Instant Response Systems that was practicing this scam, but other similar operations are undoubtedly still active.

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5 Things That Maintain a Good Credit ScorePreserving Your Credit Is Easier Than You Think

5 Things That Maintain a Good Credit Score

Posted: April 19, 2013 by Rachel Shepard

There are many things a consumer can do to help them maintain a good credit score. Here are five simple steps to keeping your credit in tip-top shape:

1. Know what a credit score entails.

Knowing how a credit score is calculated is key. Your credit score is calculated based on five different things: your loan and credit card payment history; your level of debt; your credit age, or how long you’ve had credit; the types of credit you have, which should be a mix of credit cards and loans; and recent credit. Knowing where you stand with regards to all five of those areas will help you understand how good or bad your credit score is.

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Why It’s Easier to Get a Car Loan With Bad CreditThere Are Lenders Who Will Help You Purchase Your Dream Automobile

Why It’s Easier to Get a Car Loan With Bad Credit

Posted: April 8, 2013 by Rachel Shepard

Contrary to popular belief, getting a car loan is easy, and in some cases can be especially easy for people with bad credit. This type of loan allows consumers to pay their vehicle off in monthly installments instead of having to completely pay for it up front. For most people, a car loan is extremely welcome since paying cash to buy a new car is not a possibility.

With a car loan, the financing company or bank gives you the money to purchase a vehicle for personal use. The loan is secured against your new automobile. Car loans are also referred to as consumer loans or secured car loans.

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Steps to Getting a Home LoanObtain the Money You Need to Buy the House You Want

Steps to Getting a Home Loan

Posted: March 26, 2013 by Rachel Shepard

Buying a house is a major investment, and with the high cost of homes around the country, it usually represents a major outlay of money for a consumer. Therefore, it should come as no surprise that, according to recent statistics, nine out of 10 homebuyers finance their purchase with a mortgage loan.

If you are a prospective homebuyer and are considering applying for a mortgage loan, there are a number of things you need to know before you begin the application process. You can learn about them here.

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Phishing Scam Alert: Twitter Direct MessagesA New Method of Hijacking Your Personal Information

Phishing Scam Alert: Twitter Direct Messages

Posted: March 22, 2013 by Rachel Shepard

Social media website Twitter is everywhere these days and used by millions of people around the world. Now, in an effort to take advantage of this situation, online criminals have rolled out a new scam, which originates from what is designed to look like a legitimate Twitter account.

With this scam, consumers are generally contacted by email from a bogus Twitter account. The email subject line will say something like “Have you seen this picture of you?” The recipients are invited to click on a link to the image, and once they do that, they are usually taken to a website to “verify the authenticity of the picture.” That’s when the pain starts.

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Credit Bureaus: Understand How They Affect YouThese Agencies Can Profoundly Impact Your Financial Standing

Credit Bureaus: Understand How They Affect You

Posted: March 15, 2013 by Rachel Shepard

Credit bureaus are agencies that research and collect consumers’ credit information. In the United States there are three primary credit reporting agencies: Experian, Equifax and TransUnion. Utilizing standard computations, these agencies collect information and tabulate it in a numerical equation that results in an individual’s credit score. It is important for you to understand not only what credit bureaus collect but also how these reporting agencies can personally impact you.

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Why It’s Important for Your Credit to Pay Back Your LoanRepaying What You Borrow Is Critical to Maintaining Your Credit Rating

Why It’s Important for Your Credit to Pay Back Your Loan

Posted: March 4, 2013 by Rachel Shepard

Many reasons to apply for a loan exist, with the main one probably being that having this additional money simply allows you to make major purchases without saving up beforehand. Of course, loans eventually need to be paid back, and they generally come with predetermined repayment terms to which you must adhere. Failure to repay this money within the agreed-upon timeframe could lead to financial problems for you in the future. Therefore, it is vital that you work hard to stick to these repayment terms the next time that you take out a loan.

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Government-Job ScamsHow to Spot Schemes Offering to Help You Obtain Federal Positions

Government-Job Scams

Posted: February 22, 2013 by Rachel Shepard

As a species, scammers are a nefarious lot. They prey on the unsuspecting and they deviously separate money from those in need. One of the latest schemes that scammers are engaging in involves them offering to assist job searchers in obtaining positions with federal government agencies such as the U.S. Postal Service.

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Why Bad Credit Doesn’t Mean You Can’t Get a LoanThere Are Options Out There for You

Why Bad Credit Doesn’t Mean You Can’t Get a Loan

Posted: February 20, 2013 by Rachel Shepard

Although having bad credit is never seen as a positive thing, it does not mean that you will be denied every loan for which you apply. There are plenty of options for those with bad credit, as long as you know where to look. Before you get discouraged about the state of your credit rating, research these loan options and find out which types of lenders are more likely to grant you the money that you need.

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Consolidating Your Student LoansYou Can Lighten Your Debt Load After Graduation

Consolidating Your Student Loans

Posted: February 8, 2013 by Rachel Shepard

Student loans are considered the next “bubble” the American economy will have to grapple with. As tuition costs continue to climb, the amount of debt that graduating postsecondary students carry is also booming. Recent graduates are emerging with an average loan debt of $27,000. With a difficult job market and heavy average debt load, it makes sense for graduates to consider student loan consolidation as an option. Consolidating student loans is not as simple as it seems, however, as there are rules governing the behavior of these loans.

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Five Ways to Show Your Valentine You Love Them — on a BudgetYou Don’t Have to Break the Bank to Have a Memorable Holiday

Five Ways to Show Your Valentine You Love Them — on a Budget

Posted: January 28, 2013 by Rachel Shepard

Valentine’s Day is a wonderful opportunity for you to express some heartfelt sentiment to that special someone. And fortunately, despite what some people may think, showing your Valentine love does not require you to bust your budget. Furthermore, not only is it possible to successfully celebrate the holiday without wreaking havoc on your finances, but the truly amazing memories that you can create without spending a lot of money can last a lifetime.

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Beyond Banks: Other Places Your Credit MattersA Good Credit Score Can Be the Key to Your Success in Many Arenas

Beyond Banks: Other Places Your Credit Matters

Posted: January 15, 2013 by Rachel Shepard

Your credit score is a seemingly ethereal number that you likely only think of when you are considering acquiring a credit card or loan. Consumers rarely give much thought to their credit score beyond this sort of scenario. What many people do not understand, however, is how vital maintaining a good credit score is for overall financial health and who considers credit scores beyond financial companies. The fact is, there are many different entities that may look at your credit score, and having a good score can potentially save you quite a bit of money all around.

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How to Get a Personal Loan Despite Bad CreditPast Mistakes Don't Have to Keep You From Getting Cash Today

How to Get a Personal Loan Despite Bad Credit

Posted: January 4, 2013 by Rachel Shepard

If you have any awareness of pirate movies then you know that being marked with the black spot is akin to a death sentence or, at the very least, leads to a really lonely time on a deserted island. Bad credit can work much like the aforementioned black mark when lenders and financial institutions, government agencies, and even mobile phone companies and landlords review and evaluate your credit.

If your credit is bleak at best and you find yourself in a dire situation where you absolutely have to have a personal loan, however, don’t worry. Hope is not completely lost and you have a few options.

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Winter Expenses: Getting a Quick Loan for the SeasonHelp Is Available for the Holidays

Winter Expenses: Getting a Quick Loan for the Season

Posted: December 26, 2012 by Rachel Shepard

The holiday season can be extremely expensive, especially if you have a large family for which to buy presents. As a result, the holidays can be overwhelming for some people as they attempt to come up with enough money to pay for everything that they need. If you find yourself lacking the money needed to come through for your family, a loan to help you out with winter expenses might be your best option. Before applying for a loan, however, you should look at the various types of loans available to select the one that provides you with the most benefits.

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How Your Credit Score Is CalculatedKnowing the Process Can Help You Boost Your Credit Rating

How Your Credit Score Is Calculated

Posted: December 14, 2012 by Rachel Shepard

These days, having a good credit score is key to gaining access to all kinds of things. Because of this, of course, it behooves you to do whatever you can to get your score up as high as possible. And learning exactly how a credit score is calculated is important if you want to know what you have to do to boost your score and open all sorts of new doors for you as a consumer.

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Credit Diversity: How Much Does It Really Matter?Mixing It Up Can Have a Major Effect on Your Credit Rating

Credit Diversity: How Much Does It Really Matter?

Posted: December 3, 2012 by Rachel Shepard

Credit diversity. What is it? Does it really matter? I know, you’re probably thinking, “Credit is credit … right?” The truth, however, is a little more complicated than that. There are actually many different types of credit, and in order to have a higher credit score and get lower interest rates on loans, you need to have a variety of forms of credit in your portfolio.

You hear some people warn against having too many lines of credit. While it’s true that being in this situation can be bad if you aren’t paying your various credit lines off or if you are making late payments (or not making payments at all), the fact is, having a few different types of credit can really help out your credit score in the long run, especially when you’re ready to purchase big-ticket items such as a new vehicle or a home.

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Small Budget Changes to Help You Organize Your FinancesThe Time Is Now to Take Control of Your Money!

Small Budget Changes to Help You Organize Your Finances

Posted: November 26, 2012 by Rachel Shepard

It stands to reason that small changes in your lifestyle can lead to greater rewards. Think about the impact of a small gesture. Saying hello politely to someone can open the door to a healthier, happier day. Now, say hello to your finances in the same way and see what kind of happiness you can lovingly squeeze from your dollars!

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Wire Transfer ScamsWhere Are You Sending Your Money?

Wire Transfer Scams

Posted: August 7, 2012 by Rachel Shepard

How nice is it to enjoy a little TV after a delicious dinner and a hard day’s work? Now imagine you receive an unexpected phone call during the commercial break. It’s from a number you don’t recognize, but you answer it anyway. Someone on the other end begins accusing you of reneging on debts, or tells you a sob story about someone in your family needing money immediately, or informs you that they can provide you with just the help you’ve been looking for if you’ll just provide a small processing fee.

Whatever the line may be, the result tends to be the same: You need to send us money right now if you want to be OK.

What would you do? For many unfortunate victims of wire transfer scams, they send the money. It’s difficult to deal with the sudden pressure, and often aggressive manner, of a surprise caller. You end up trying to solve the problem just to get out of trouble…when you should really ask yourself if the phone call itself is what’s wrong.

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Scam Alert: BBB Email ImpostersJust Because an Email Says It Is From a Reputable Source Does Not Make It True

Scam Alert: BBB Email Imposters

Posted: August 3, 2012 by Rachel Shepard

The Better Business Bureau is one of he most trusted consumer groups in the country. When you are in doubt over the reputation of a company anywhere in America, they are one of the easiest places to find out the truth. Unfortunately, that same reputation has led to scam artists actually posing as the BBB.

According to the BBB alert, multiple complaints have been filed over emails sent to a variety of people, including even the BBB itself. These emails have been reported in two forms: one as a follow up to a complaint, the other as a request to update user information using an online form.

In both emails a link appearing to go to a BBB page. However, by hovering the cursor over the hypertext, the actual URL is not the BBB at all, but rather a site containing a virus.

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Scam Alert: Phone, Loan and Wire Transfer Scam in IowaIowa Woman Nearly Scammed for Hundreds

Posted: July 27, 2012 by Rachel Shepard

On the border of Iowa and Illinois is the town of Muscatine. A woman in town recently reported a frightening experience in which she narrowly avoided being scammed for hundreds of dollars. Here is the story:

One morning in mid-July, April Garcia received a phone call from an unknown caller. The caller informed her that she was eligible to receive a payday loan of $3,300.

Garcia could not recall having ever applied for the loan.

According to the caller, it would be disbursed to her in monthly installments of $330 a month for the following 12 months.

All she needed to do was wire them $330 for “insurance.”

Garcia was strung along enough to actually wire money to the company. However, when she noticed that the money was being sent to an address in India, she realized she was being duped.

Luckily for Garcia, she had not yet informed the scammers that the money had been sent, allowing her to claim fraud on the transfer and have her money refunded.

Garcia’s case is a fortunate one; most people are unable to see the scam for what it is until it is already too late.

There are a few moments when an informed consumer in Garcia’s situation could have halted the scam before they could be victimized.

  1. The unsolicited phone call: If you are ever offered something over the phone without having opted in, you should be somewhat suspicious.
  2. Approval for a loan or offer that was never applied for: This should be an immediate red flag.
  3. Requiring you to wire money: Never wire funds to any party that you may not know.

In the event that you are contacted by a company similar to the one that contacted April Garcia, you should attempt to find out the name of the caller, who they work for, the address of the business, and any other contact information you can get. You can then relay this information to the Better Business Bureau, the Consumer Financial Protection Bureau and local law enforcement.

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Loan Scam Alert: High-Pressure Phone CallsKeep Your Composure, Keep Your Cash

Loan Scam Alert: High-Pressure Phone Calls

Posted: July 18, 2012 by Rachel Shepard

There have been a spate of reports recently concerning unsolicited phone calls from people claiming to be collecting on a debt. The scammers attempt to scare, pressure, and threaten their victims into making payments on debts they don’t owe or giving away confidential personal information, which can lead to identity theft.

Those contacted by the crooks have been told that they owe some debt that must be paid immediately. The high-pressure situation is made worse when the scammer threatens to “press charges” unless the money is wired quickly; i.e., before the victim can think over the situation.

It is a scary scenario to imagine: After finishing dinner, you ease into your sofa for a bit of television before bed when the phone rings. On the other end is a stranger using obscene language to inform you that you are about to be arrested for not paying back a loan you can’t even remember taking out.

What should you do?

First off: Relax. Getting stressed out and making fast decisions is exactly what scam artists want you to do. Get the contact information of the caller, including whom they work for and the exact details of the amount you are purported to owe. Tell them you will consult your records and call them back.

Next try checking their claims. This means consulting your records to ensure you don’t owe them any money from unpaid loans or whatever they are claiming. Next, do some research on the business they work for. Check to see if there are any complaints about them. If it appears they aren’t a legitimate business or if they are trying to make you pay something you don’t owe, you should contact the Better Business Bureau, the Federal Trade Commission and local law enforcement.

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Debt Collection Scam Alert: Central Asset BureauBe Wary of Calls From This Company

Posted: July 13, 2012 by Rachel Shepard

A debt collection company based in San Antonio, Texas, has been causing trouble with numerous people in the state. Consumers have reported that they have received phone calls from representatives of the company who claim to be collecting on past debts.

In many cases the debt the company says is owed is nonexistent. However, that has not stopped Central Asset Bureau  from phoning numerous family and friends, workplaces, and other contacts of consumers in order to smear their reputation through erroneous claims.

According to complainants, Central Asset Bureau has given fake addresses to its location and even refused to provide written documentation of the outstanding debts. Both of these actions are illegal under the Fair Debt Collection Practices Act.

Stay Safe

The behavior of Central Asset Bureau is common in debt collection scams. The actions are all expressly prohibited by the FDCPA. If you are contacted by Central Asset Bureau, or any other debt collector, you should exercise your rights to ensure they are legitimate and legal.

You have a right, as protected by federal law, to:

  • Receive written documentation of the exact debt owed.
  • Receive valid contact information of the party to which your debt is owed

Furthermore, under the Fair Debt Collection Practices Act, debt collectors may not:

  • Contact you before 8 a.m. or after 9 p.m. local time
  • Continue to contact you after they receive written notice to stop
  • Harass you through aggressive, abusive, or obscene language and false threats of lawsuits
  • Reveal debt to anyone other than your spouse or attorney

If you feel that a debt collector has done any of these things, you should contact the Federal Trade Commission, Consumer Financial Protection Bureau, Better Business Bureau, and local authorities in order to file a complaint or even press charges.

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Learn How to Recognize Debt Collection ScamsDon't Let Criminals Trick You

Learn How to Recognize Debt Collection Scams

Posted: July 6, 2012 by Rachel Shepard

Hopefully, you are not one of the thousands of Americans who have been victimized by scam artists posing at debt collectors. These criminals have been known to hound completely innocent people into giving away hundreds, or even thousands, of their hard-earned dollars. With just a few tips, though, you can spot a debt collection scam and protect yourself in the future.

A debt collection scam often occurs when a company, or an individual claiming to represent a company, contacts a person in order to collect on a debt that doesn’t exist. Through scare tactics, aggressive behavior, and confusion, victims are coerced into giving out money.

How would a criminal even find out about your information? Unfortunately, learning a person’s email, phone number, and even bank account or social security number may not be as difficult as you may think. That’s why, even if presented with this information by someone, you should not be willing to trust them.

Here are a few ways to find out if you are being contacted by an authentic debt collector or someone trying to rip you off:

The Federal Debt Collection Practices Act: This is a law meant to protect consumers from debt collection scam artists and legitimate debt collectors using illegal methods to collect on debts. It is because of this law that you will be able to quickly determine of a debt collector is real or not.

If you receive a phone call from someone attempting to collect on a debt:

  1. Require complete identification: Who they are, their company, their phone number and address. Try and contact them there and ask if the person you talked to works for them. Some scams may involve imposters posing as representatives of real companies. Others may say they work for a real-sounding company that doesn’t actually exist. If anyone refuses to give you this information, you can be sure they are not a real, law-abiding debt collector.
  2. Require your debts in writing: This is required by the FDCPA. If anyone refuses, they are not a real debt collector.
  3. Check the business on consumer advocacy sites: Most business can be found on the Better Business Bureau website. Try searching for them to find if there are any alerts currently attached to that business.

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Looking for a Summer Job? Be Careful!Job Scams Can Actually End With You Paying Them for Your Work

Posted: June 22, 2012 by Rachel Shepard

With high school and college finished for the year, many students are looking to make an extra buck during vacation. This can be a character, and wallet, building experience, but can also put young workers in a vulnerable position. Situations involving identity theft and the tricking people into paying money are all too common.

Employment scams can occur when jobs, like selling door-to-door for example, ask you for certain payments prior to you starting a job. This can be known as an “advance-fee scam.” While there may some costs for training and other materials, when confronted with this prospect, be sure that the company is reputable first. You can check on their standing with the Better Business Bureau or search the company name online to see if it is associated with any consumer complaints.

Since applying for a job involves divulging your personal information, such as your social security number, contact info, and even bank account numbers, identity theft can be a very real threat. Here are some questions to ask yourself before giving out your personal info that can help you identify illicit employers:

  • Was this job offer unsolicited?
  • Does it not require an application or interview?
  • Is the employer refusing to give you details about their business?

If you answered “yes” to any of these questions, you should probably look elsewhere for a job.

Finally, here are a few more red flags: If you can’t find any references for a company’s reputation, if they want you invest in the business or buy costly equipment, if their contact info doesn’t seem quite right, and finally, if the offer is too good to be true. If the pay seems outlandish for the job offer, you should proceed with extreme caution.

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Hello to Our ReadersIt's a New Day!

Hello to Our Readers

Posted: June 19, 2012 by Rachel Shepard

As the inaugural post of our new blog: Welcome! We want to keep all the users of our site updated on the many goings on with our company. From exciting local events in and around our Seattle HQ to the latest on the payday lending industry nationwide, you can always expect to leave our blog a little more informed.

The big news today concerns the brand new redesign of our site. You can find all sorts of great features that have been added to help you get any bad credit loan you need. Our simple online form speeds up the process while our security features and network of lenders keeps you safe online. On top of that, the new design is not only aesthetically more pleasing, but helps make the loan process faster and more intuitive.

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